Legal Question in Bankruptcy in Maryland
taxes and car
Does a person behind in filing taxes need to show tax returns when filing bankrupcy. I a person has a used car that is a lemon but owes money on it can she include it in the bankrupcy petition and let them take it from her with no money owed?
Asked on 6/26/06, 9:27 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: taxes and car
1. Yes, certain tax returns must be disclosed in every bankruptcy. Because of the complex relationship between tax and bankruptcy law, you need to discuss your specific details with a skilled bankruptcy attorney with tax experience before doing anything.
2. Yes, a car can be surrendered and the loan discharged.
Answered on 6/26/06, 9:35 am
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